Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 25 SOURCES

Nextalia SGR

Also known as Nextalia, Nextalia SGR S.p.A., Nextalia Investment Management

Independent Milan SGR founded and led by Francesco Canzonieri, owned by Italian institutions; runs private equity, turnaround, private credit/NPE and venture funds (over €3B).

HEADQUARTERS: Milan, Italy
FOUNDED: —
AUM: €3B (2026)
OUTSIDE CAPITAL: Yes
TEAM LISTED: 15 people

Focus

STAGES: Series ASeries BGrowthBuyout
SECTORS: Software & SaaS HealthTech Industrial & Manufacturing Food & Agriculture Education Media & Entertainment Fintech
ASSET MIX: Private equityVenture capitalPrivate creditDirect investments
GEOGRAPHY: Italy

Overview

Nextalia SGR S.p.A. is an independent Italian asset manager founded and led by Francesco Canzonieri, entered in the Bank of Italy register of SGRs (FIA managers) in July 2021. Its shareholders include Intesa Sanpaolo, Unipol Assicurazioni, Fondazione ENPAM, Confcommercio, Confindustria and other Italian institutional and industrial investors. It manages over €3 billion across three verticals: Equity (Nextalia Private Equity I and II, Flexible Capital, Capitale Rilancio), Credit (Credit Opportunities, Credit Solutions and the contribution funds Fondo Leonardo and Fondo Raffaello) and Ventures.

Investment thesis

Equity: Italian SMEs, often family-owned, with buy-and-build potential (majority or minority stakes); Capitale Rilancio: relaunch and recapitalisation of Italian companies with revenues above €50M; Credit: distressed credit and companies, structured lending, real-asset and NAV finance; Ventures: Series A–B B2B software and services in Italy, Europe, US and Israel with €10–15M tickets.

PORTFOLIO (21)

TinextaNOTABLE
Software & SaaS
DeltatreNOTABLE
Media & Entertainment
Digit'Ed
Education
Regardia
Food & Agriculture
Westrafo
Industrial & Manufacturing
Costa Edutainment
Consumer & E-commerce
Firstance (formerly FirstAdvisory)
Fintech · Exited (01/2026)
Diagram Group
Food & Agriculture · Exited (05/2025)
Business Changers
Software & SaaS
Gruppo DiSano
Food & Agriculture
Witapp
HealthTech
Gruppo Ca' Zampa
Consumer & E-commerce
Gruppo Flo
Industrial & Manufacturing
PSC
Industrial & Manufacturing
Innovo Infrastructure
Climate & Energy
Underdogs
Software & SaaS · since 2026
Lingokids
Education
Builder.io
Software & SaaS
HLPY
Mobility & Logistics
Rain Technologies
Fintech
Candor Health
HealthTech

People

Francesco Canzonieri
Chief Executive Officer; Chair of Investment & ESG Committees · source
Francesco Micheli
Chairman · source
Mario Vitale
Chief Corporate Affairs & Business Development Officer · source
Francesca Mattei
Chief Financial Officer · source
Marina Marchese
Chief Operating Officer · source
Niccolò Bussolati
Head of Investor Relations · source
Valentina Pippolo
Chief Investment Officer Equity · source
Matteo Ricatti
Senior Partner, Head of Execution (Private Equity) · source
Maikol Borsetti
Partner & Head of Portfolio Management · source
Massimiliano Monti
Partner and Head, Flexible Capital · source
Leonardo Adessi
Chief Investment Officer Credit, Partner and Co-Head Credit Opportunities · source
Andrea Bisotti
Partner and Co-Head, Credit Opportunities · source
Enrico Monti
Partner & Team Head, Credit Solutions · source
Attilio Mazzilli
Co-Head, Ventures · source
Federico Lonoce
Co-Head, Ventures · source

Frequently asked questions

Nextalia SGR is a private equity fund based in Milan, Italy.

Yes. Nextalia SGR invests its own capital in private companies.

Nextalia SGR invests at Series A, Series B, Growth and Buyout stages in Software & SaaS, HealthTech, Industrial & Manufacturing, Food & Agriculture, Education, Media & Entertainment and Fintech.

Key people at Nextalia SGR include Francesco Canzonieri (Chief Executive Officer; Chair of Investment & ESG Committees), Francesco Micheli (Chairman), Mario Vitale (Chief Corporate Affairs & Business Development Officer) and Francesca Mattei (Chief Financial Officer).

Nextalia SGR's investments include Tinexta, Deltatre, Digit'Ed, Regardia, Westrafo, Costa Edutainment, Firstance (formerly FirstAdvisory) and Diagram Group, among others.

The most recent publicly reported investment by Nextalia SGR is Underdogs Group (€20M round (equity and debt) led by Nextalia Ventures), announced in Sep 2026.

Nextalia SGR states that it accepts submissions through its official contact page.

Yes. Nextalia SGR manages capital from outside investors.